Limitation for final assessment under sections 144C and 153 treated jointly, resulting in quashing of timebarred assessment order and liberty to reviv...
Deductibility of settlement payments for securities law penalties and treatment of unexplained cash credits in share trading -- Tribunal upholds posit...
Threshold for allottee-initiated insolvency petitions in leasehold real estate upheld; petition admitted after possession letters deemed legally ineff...
Contravention of foreign exchange rules in crossborder diamond payments; appellate tribunal reduces one appellant's penalty for delay and proportional...
In cases of an IFSC unit reorganization, including change of name, shareholding pattern, business transfer arrangements, court-approved mergers or demergers, change of constitution, or change of directors, the instrument prescribes that requisite regulatory compliance under the IFSC Act, 2019 must be completed and the reorganization must be intimated by IFSCA (as Administrator) to the Unit Approval Committee of the concerned SEZ. This ensures the SEZ Unit Approval Committee receives formal intimation for taking any action or recording changes as required under the SEZ Act and SEZ Rules.
In cases of an IFSC unit reorganization, including change of name, shareholding pattern, business transfer arrangements, court-approved mergers or demergers, change of constitution, or change of directors, the instrument prescribes that requisite regulatory compliance under the IFSC Act, 2019 must be completed and the reorganization must be intimated by IFSCA (as Administrator) to the Unit Approval Committee of the concerned SEZ. This ensures the SEZ Unit Approval Committee receives formal intimation for taking any action or recording changes as required under the SEZ Act and SEZ Rules.
Note: It is a system-generated summary and is for quick reference only.
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